Microsoft ends litigation with $200m settlement for VPN technology

By Murad Haddad, B2P
Published on Monday May 17, 2010 at 2:47 pm ET
Updated 05-17-10, 2:51 pm ET

Microsoft Corporation today confirmed the company would settle pending patent litigation relating to virtual private network (VPN) technology owned by VirnetX Inc. to the tune of $200-million.

The suit alleged Microsoft was using the patented technology in various products, including Microsoft’s flagship operating system Windows XP, among other products like Microsoft servers.

The suit was initially brought against the company in 2007 in a Texas court.

Under the agreement, Microsoft will gain non-exclusive license to use the technology, along with a payment of $200-million.

Microsoft vice president Tom Burt said today in a statement, “We are pleased to work with VirnetX to bring these cases to a successful resolution through this settlement,”

The Microsoft stock (NASDAQ:MSFT) is trading at par from its opening price of $28.93 as at 3:49pm, moments before the closing bell for today’s trading session.

The VirnetX (AMEX:VHC) stock opened up at $7 per share, but trended down to $6.29 per share (up 2.61-percent) ten minutes before the closing bell.

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Murad is an engineering graduate from Centennial college in Toronto, Canada. Write to [email protected]
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